What is the purpose of the Georgia Department of Insurance?
Asked a year ago
The purpose of the Georgia Department of Insurance is to ensure the protection of Georgia consumers by regulating and supervising the insurance industry in the state. Serving as the state insurance regulator, the department is responsible for licensing insurance agents, companies, and adjusting agencies, as well as reviewing insurance policy forms and rates to ensure compliance with state laws. Additionally, the department oversees market conduct examinations, investigates consumer complaints, and enforces insurance laws and regulations. By promoting fair competition and maintaining the solvency of insurance companies, the Georgia Department of Insurance strives to safeguard the public's interests, guaranteeing access to affordable and reliable insurance products and services while upholding consumer rights and ensuring financial stability within the state's insurance marketplace.
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